REPORT 


* 

Kau  (Cnglanii  itlutual  Cifc  insurance  (Uompann, 


.  ^  1 
TO  THE  * 


MEETING  OF  THE  MEMBERS, 


DECEMBER  0,  1817. 


BOSTON: 

PRINTED  BY  WILLIAM  CHADWICK, 

No.  18,  Exchange  Street 

1847. 


The  Directors  present  the  following  statement  of  the 
business  and  condition  of  the  Company. 

It  has  been  usual  to  accompany  this  statement  in  the 
Annual  Report,  with  some  general  views  of  the  business 
transacted,  and  remarks  upon  whatever  topics  presented 
themselves  for  consideration.  In  preparing  these  remarks, 
the  Directors  have  always  had  the  aid  of  the  President, 
whose  general  supervision  of  the  affairs  of  the  Company, 
and  familiarity  with  the  principles  which  govern  its  trans¬ 
actions,  render  this  aid  very  important.  The  Directors 
hoped  for  his  assistance  at  this  time ;  but  he  has  not  so 
far  recovered  from  an  attack  of  illness  as  to  render  it ; 
and  they  think  it  proper  to  confine  themselves  to  a  gen¬ 
eral  declaration,  that  the  business,  the  condition,  and  the 
prospects  of  the  Company,  are  entirely  satisfactory. 


Ro\o«.vt  Sovi 


3 


r-i 

vms  r 


STATEMENT 

J  \  B 


^  Of  the  Business  of  the  Company  for  the  year  ending  jfatipniler  30, '  1847. 


.  3 1  3  * 

^  1096  Policies  outstanding  Nov.  30,  1846,  .  .  .  $2,735,229  <  12 


461 

Do. 

issued  since  “ 

<< 

897,840  00 

1557 

3,633,069  12 

180 

Do. 

terminated  since  “ 

ti 

398,975  00 

1377 

Do. 

outstanding  Nov.  30, 

1847, 

.  $3,234,094  12 

Of  the  180  terminated,  174  have  been  by  expiration,  surrender  and  for¬ 
feiture,  and  6  by  death.  2  of  the  latter,  amounting  to  1,000  dollars,  were 
for  security  to  creditors ;  and  the  4  remaining,  amounting  to  8,000  dollars, 
were  for  the  benefit  of  the  surviving  families  of  the  deceased. 

Of  the  policies  issued  during  the  past  year,  201  were  for  life,  and  260  for 
a  term  of  years.  The  ages  of  applicants  for  whom  policies  have  been  issued, 


have  been 

Under  20  years 

. 

10 

20  to  25  “ 

37 

25  to  30  “ 

. 

94 

30  to  35 

. 

.  118 

35  to  40  “ 

83 

The  classes  of  applicants  for  whom 

follows : 

u 

tZ  Merchants,  traders,  and  brokers,  135 


Mechanics,  .  .  .  .38 

Students,  ....  30 

Master  mariners,  .  .  .12 

Mariners,  ....  3 

Females,  ....  8 

Teachers,  literary  professors,  and 
authors,  .  .  .  .16 

Lawyers,  .  .  .  .16 


40  to  45  years  .  .  54 

45  to  50  “  .  .  40 

50  to  55  “  .  .  10 

55  to  60  “  .  .  11 

Over  60  “  .  .  4 


policies  have  been  issued,  have  been  as 
Editors,  publishers,  and  book¬ 


sellers,  .  .  .  .11 

Engineers,  architects,  and  ma¬ 
chinists,  .  .  .  .18 

Gentlemen,  ....  4 

Officers,  army  and  navy,  .  5 

Agents  and  superintendents,  .  5 

Keepers  of  hotels,  inns,  and 
stables,  ....  7 


paS2"l  2. 


4 


Manufacturers, 

29 

Government  officers,  .  .  2 

Clergymen,  .... 

21 

Express  men  and  rail-road  con¬ 

Clerks,  bank  officers’,  «anc\  treas- 

ductors,  ....  3 

ureas,/ \  *;  *.  .\V.  • V '  .  ..• 

35 

Butchers,  bakers,  etc.  .  .  18 

Farmers  uftd  FSrticultuffstsf  •  ; 

22 

Artists,  ....  3 

Physicians,  \*  /  .* 

20 

\  ,  •*  *  *  •  *  *#  • 

Th&  regidei^e^ ’©f^pfliealfts  during  the  past  year  have  been  as  follows,  viz. 

»  .  ♦  * 

New*  England  States, 

. 393 

British  Provinces, 

1 

New  York,  . 

. 57 

Pennsylvania, 

. 1 

Western  States, 

. 25 

Virginia  and  Kentucky, 

. 2 

Southern  States, 

. 23 

502 

There  have  been  502  policies  made  out  the  past  year,  and  49  were  on  hand 
Nov.  30,  1846.  There  have  been  461  policies  issued  the  past  year,  and  45 
cancelled  —  leaving  45  policies  on  hand,  in  the  office,  or  in  the  hands  of 
agents. 


EXHIBIT 


Of  the  Business  and  Property  of  the  Company ,  Nov.  30,  1847,  as  reported 
to  the  Directors  by  their  Committee ,  Messrs.  Kuhn  and  Tappan. 


Premium  and  deposit  received  on  461  policies, 

Do.  do.  do.  previous  policies, 

Additional  premiums,  ..... 


Deduct  returned  premium  and  deposit, 


Deceived  for  interest,  dividends,  and  charge  for  policies,  . 


Paid  as  follows : 

Losses,  including  one  of  $2,000  prior  to 
Nov.  1846,  paid  in  Jan.  1847, 

Bent  and  salaries,  . 

Commissions  on  premiums  allowed  agents, 
expense  of  advertising,  printing,  station¬ 
ery,  postage,  physicians’  fees,  and  other 
incidental  expenses,  . 

Seven  per  cent,  on  guaranty  capital, 

Two  do.  do.  do.  for  short 

payment 'in  1845,  . 


$11,000  00 

4,327  45 


2,793  52 
3,500  00 

1,000  00 


22,620  97 

Bad  debts, .  96  12 


Accumulation  the  present  year, 

Do.  prior  to  Nov.  30,  1846, 

Total  accumulation, 


$21,584  73 
58,145  79 
339  23 


80,069  75 
2,702  93 


77,366  82 
11,376  45 


$88,743  27 


r 


22,717  09 


66,026  18 
104,313  67 


170,339  85 


6 


Property. 

Bank  stock,  ..... 

.  $33,021  25 

Rail-road  stock,  .... 

18,750  00 

Manufacturing  stock, 

28,850  00 

Hancock  free  bridge, 

5,760  00 

Albany  city  stock, 

2,000  00 

Loans  on  mortgage, 

97,100  00 

Do.  personal  security, 

26,364  87 

Premium  notes,  . 

5,386  59 

Cask  in  Merchants’  Bank, 

3,021  74 

Small  balances  on  ledger, 

115  40 

220,369  85 

The  Company  owe  — 

Guaranty  stock,  .... 

50,000  00 

Dividends  unpaid, 

30  00 

50,030  00 

$170,339  85 

Which  is  respectfully  submitted  by  the 

Directors. 

Willard  Phillips, 

William  W.  Stone, 

*  Charles  P.  Curtis, 

Peter  Wainwright, 

Theophilus  Parsons, 

Thomas  A.  Dexter, 

Francis  C.  Lowell, 

Charles  Brown, 

George  H.  Kuhn, 

William  Perkins, 

William  Raymond  Lee,  Sewell  Tappan. 


7 


Applications  for  insurance  may  be  made  to  the  following  persons. 


MAINE. 

William  Willis . 

John  Wilkins . 

Sawyer  &  Sewall . 

B.  A.  G.  Fuller . 

Charles  Loring  ) 

Daniel  T.  Granger  ( 

Benjamin  M.  Flint  ) 

Charles  Copeland  $ 

NEW  HAMPSHIRE. 


S.  A.  Badger . Portsmouth 

S.  H.  Parker . Dover 

Thomas  Chadbourne . Concord 

A.  Sartwell . Claremont 

William  H.  James . Great  Falls 

John  M.  Berry . Somersworth 

Charles  P.  Danforth . Nashua 

Thomas  B.  Mann . Orford 

Walter  Tufts . Alstead 


CONNECTICUT. 

Charles  Robinson . New  Haven 

James  M.  Goodwin . Hartford 

William  P.  Eaton . Norwich 

RHODE  ISLAND. 

Charles  H.  Mason . Providence 

NEW  YORK. 

John  Hopper . New  York  city 

Nathan  G.  lung . Albany 

J.  W.  Bissell . Rochester 

C.  R.  Gold . Buffalo 

N.  Seymour . Mt.  Morris 

Charles  B.  Sedgwick . Syracuse 

A.  F.  Bartow . Le  Roy 

PENNSYLVANIA. 

Robert  Ralston . Philadelphia 


Portland 

•  -  Bangor 
•  •  -Bath 

•Augusta 

•  Eastport 

•  •  •  Calais 


VERMONT. 

S.  E.  Robbins . Windsor 

Salmon  Wires . Burlington 

Hiram  Orcutt . Thetford 

MASSACHUSETTS. 

F.  H.  Dewey . Worcester 

William  H.  Taylor . New  Bedford 

Sidney  Williams . Taunton 

S.  W.  Stickney . Lowell 

James  Lyman . Northampton 

Larkin  Thorndike  \  _ 

Amory  Holbrook  j  . 0alem 

Thomas  A.  Gold . Pittsfield 

H.  H.  Fish . Fall  River 

Henry  Sterns . Springfield 

Joseph  B.  Swain . Nantucket 

A.  H.  Wildes . Ipswich 

George  Hood . Lynn 

R.  A.  Merriam . Topsfield 

John  Nash . Abington 

A.  Phelps . Greenfield 

Newton  Fitch . Amherst 

Bucklin  Fitts . Holliston 

William  D.  Northend . Danvers 

Samuel  Phillips . Andover 

Dan  Weed . Lawrence 

Henry  B.  Smith . Westfield 

Jeremiah  Russell . Georgetown 

William  B.  Duggan . Quincy 

Nathan  H.  Hand . Winchendon 

Benjamin  Selman  . Marblehead 

Charles  Mason . Fitchburg 

T.  M.  Hayes . Haverhill 

John  Pierce .  Edgartown 


DISTRICT  OF  COLUMBIA. 
Charles  Fletcher . Washington 


OHIO. 

Charles  Bradbum  • . 

ILLINOIS. 

Calvin  D’Wolf . 

Nathaniel  Coffin . 

•  Jacksonville 

Thomas  J.  Moore . 

George  W.  Woodward . 

WISCONSIN. 

Josiah  Bond . 

J.  J.  Noonan  \ 

Philetus  Hale  ) 

Robert  W.  Wright . 

KENTUCKY. 

James  G.  Breed . 

SOUTH  CAROLINA. 

H.  Sidney  Hayden . Charleston 

H.  E.  Nichols . Columbia 


MISSOURI. 
Alonzo  Cutler  ) 

Charles  L.  Tucker  J 

ALABAMA. 
Robert  S.  Bunker . 

MICHIGAN. 
Sylvester  Earned . 


St.  Louis 

-  •  Mobile 
•  Detroit 


